Bank nifty... what can happen next!!!
Out look for banks degraded loan moratorium hearing still pending!!! Plenty of bad news and much much of frustration for bank nifty bulls. This month is testing some nerves now! What can happen now, 21600-21500 is the strongest support we can have in September month if broken and shattered we can see 20900-21100 coming up ahead... with news playing its part bank nifty can pull down the nifty as well. So you can buy around 21750-21800 with sl of 21600 and target of 22000-22100-22200 and you can sell on rise as well with sl of 22250 for bull to be back in action 22550-22650 should be crossed effectively. Comparing the option chain data we can expect a bounce back now not a trend reversal as such.
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